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steve moore always good to see you. >> thank you judge, great to be with you. >> later in the show heads rolled in the state department over benghazi, right? wrong. the latest double speak from the obama administration. up next, just over 24-hours from now if we goefr the fiscal cliff, who should we blame? okay, here's the plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my motr was so wrong about you. next, we get priory boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm-hmm. we're on vacation. there is no plan. really? [ male announcer ] the united mileageplus explorer card. the mileage card with speci perks on united. get it and you're in. i wish i could keep it this way. [ male announcer ] now you can. with the crest pro-health clinical line. used together, they help keep your teeth 97% as clean as a dental cleaning. the toothpaste actually reduces plaque. and the rinse reaches all areas and is clinically proven to help prevent plaque regrowth. crest pro-heal
steve moore always good to see you. >> thank you judge, great to be with you. >> later in the show heads rolled in the state department over benghazi, right? wrong. the latest double speak from the obama administration. up next, just over 24-hours from now if we goefr the fiscal cliff, who should we blame? okay, here's the plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my motr was so wrong about you. next, we get...
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steve moore always good to see you. >> thank you judge, great to be with you. >> later in the show heads rolled in the state department over benghazi, right? wrong. the latest double speak from the obama administration. up next, just over 24-hours from now if we goefr the fiscal cliff, who should we blame? re, ♪ ♪ >> this country is about to take a plunge over the fiscal cliff. who is really to blame? watcjomg this one. >> president has a decision to make. he can support these measures or be responsible for reckless spending and the largest tax hike in american history. >> the republicans in the house have decide to do rundown an alley that has no exit. >> republicans aren't about to write a blank check or anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> every time we come to a solution it was a year and a half ago in the summer right now the republicans walk away. >> don't automatically assume the president wants to cut a deal. i think he wants to wait to see if he gets blamed for it before he starts really negotiating. >> nobody can
steve moore always good to see you. >> thank you judge, great to be with you. >> later in the show heads rolled in the state department over benghazi, right? wrong. the latest double speak from the obama administration. up next, just over 24-hours from now if we goefr the fiscal cliff, who should we blame? re, ♪ ♪ >> this country is about to take a plunge over the fiscal cliff. who is really to blame? watcjomg this one. >> president has a decision to make. he can...
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thank you, steve. gregg? gregg: as steve mentioned jon hammar's mother made a tireless effort in recent weeks to draw attention to the case. here are more of her remarks from yesterday. >> it was like my first night that slept all night loaning without getting up and it was just, the thought of not wondering what is going on with him. can anyone hurt him tonight you know, those kind of thoughts. he is eating. he is able to have a meal. it is, i honestly can't totally process it i think until he's here. gregg: republican congresswoman ileana ros-lehtinen of florida worked with the hammars to win jon's release. she is chairman of the house foreign affairs committee. always great talking to you. thanks so much. >> thank you. gregg: jon hammar's parents says the state department was really not lifting a finger to help. in fact they were very discouraging about it. then the white house when asked just a few days ago seemed utterly owe live just didn't know anything about it and clearly wasn't do anything. you woul
thank you, steve. gregg? gregg: as steve mentioned jon hammar's mother made a tireless effort in recent weeks to draw attention to the case. here are more of her remarks from yesterday. >> it was like my first night that slept all night loaning without getting up and it was just, the thought of not wondering what is going on with him. can anyone hurt him tonight you know, those kind of thoughts. he is eating. he is able to have a meal. it is, i honestly can't totally process it i think...
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steve, great to see you. the deal being bandied about right now to raise taxes on higher earners actually doesn't appear to do anything to fix the problem, that is, all the new revenue from higher taxes would be used for more spending. as we understand about 850 billion in new revenue would be spent on eliminating the fiscal cliff automatic spending cuts and extending unemployment checks. is it true not a dial would go to cutting the real problem, the debt and deficit? >> yeah. in one scenario that is absolutely the case. we shouldn't actually be surprised. it has been clear at least for a short amount of time that this hasn't been the goal of these discussions. i mean for all the talk about deficit reduction and despite the fact that this began as an effort to rein in spending after the 2010 elections, it is clear democrats in the house and senate, i would argue the president, haven't been serious about long-term spending cuts. gregg: maybe they're not serious, you know, they see a political benefit to liter
steve, great to see you. the deal being bandied about right now to raise taxes on higher earners actually doesn't appear to do anything to fix the problem, that is, all the new revenue from higher taxes would be used for more spending. as we understand about 850 billion in new revenue would be spent on eliminating the fiscal cliff automatic spending cuts and extending unemployment checks. is it true not a dial would go to cutting the real problem, the debt and deficit? >> yeah. in one...
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steve, you wanted to get in there? >> yeah, let me be the bull here for a minute. we talk auld time about the energy sector and it's not just the energy sector, we've had a mini renaissance in manufacturing in this country, in transportation because of the fact the energy prices are falling and makes the american much more competitive at the margin. i think 2013 is going to see continued declines in energy prices. that's like a tax cut for the american consumer, paul. >> but, paul, the thing we haven't mentioned here is unemployment. we've had high unemployment for four years which means a lot of people out of jobs. we would need a tremendously bullish economy and i'm saying like 4%, to produce enough jobs, it would take a decade to get back to where we were before this recession. >> paul: right, sure, no question about it. >> we just need to do whatever we can to allow economic growth in this country. but declining energy prices are not necessarily good for energy production. because at some point, energy producers are going to say the price is too low and to miti
steve, you wanted to get in there? >> yeah, let me be the bull here for a minute. we talk auld time about the energy sector and it's not just the energy sector, we've had a mini renaissance in manufacturing in this country, in transportation because of the fact the energy prices are falling and makes the american much more competitive at the margin. i think 2013 is going to see continued declines in energy prices. that's like a tax cut for the american consumer, paul. >> but, paul,...
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we are back with dan and mary and steve moore. mary, explain this seeming contridiction between slow growth and buoyant markets. >> first of all with respect to the markets, i would say that if you look at a chart of for example, if you go back to say april of 2011 until october of 2012, you arke basically flat. there has been a lot of churning up and down. the s&p 500 index was a lot higher. in the last few months we have seen a little pick up there. certainly from the end of -- from the beginning of this year you saw a run in the market. you don't have a great return if you are a long-term investor. >> okay. but if growth is still slow, and some people are still investing in p cs. the corporate balance sheet earnings have been pretty good. they have cleaned out a lot of the debt from the crisis. could we be poised here for faster growth going forward? >> i think one of the things that explains why the corporate sector is doing well is they have access to money at 0 interest rates. that's not true for the broader population and n
we are back with dan and mary and steve moore. mary, explain this seeming contridiction between slow growth and buoyant markets. >> first of all with respect to the markets, i would say that if you look at a chart of for example, if you go back to say april of 2011 until october of 2012, you arke basically flat. there has been a lot of churning up and down. the s&p 500 index was a lot higher. in the last few months we have seen a little pick up there. certainly from the end of -- from...
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. >> reporter: steve vin dinin in washington. thank you. >> reporter: new information on a horrified christmas eve tragedy as a note left by this ex-con suggests that he planned to kill first responders and possibly some of his own neighbors when he set this massive inferno, it happened on monday, after that before shooting two firefighters who arrived at the scene to help. trace gallagher live from our west coast newsroom with more on this disturbing story. trace. >> reporter: police say that note from 62-year-old william spengler was three pages, five written, and it did not offer a motive as to why he pulled off the ambush, but it did layout in very evil and lee clear terms exactly what his intent was. it reads in part quoting here, i still have to get ready to see how much of the neighborhood i can burn down and do what i like doing best, killing people. police say he was equipped to go to worst with a multi-million tear re-style rifle, a revolver, a shotgun. they found a large number of rounds inside the house. police say he
. >> reporter: steve vin dinin in washington. thank you. >> reporter: new information on a horrified christmas eve tragedy as a note left by this ex-con suggests that he planned to kill first responders and possibly some of his own neighbors when he set this massive inferno, it happened on monday, after that before shooting two firefighters who arrived at the scene to help. trace gallagher live from our west coast newsroom with more on this disturbing story. trace. >>...
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steve harrigan. jaime: here is an update on a story we haven't talked about in a while, the new lake yan government is announcing plans to open all of the files on the 1988 bombing of pan am flight 103 over lockerbie, scotland. libyan officials say it will be at least a year before any of the information is released. the move comes on the 24th anniversary of the trapbl dewhich killed 270 people on board and on the ground. i am joined by a man whose daughter was 30 years old when she boarded that flight back on december 21st, 1988 and the bomb took her life. stan, thank you so much for joining us. >> thank you and merry christmas to you. jaime: merry christmas to you. i'm sorry that it's without your daughter, what a tragedy. en you hear this news does it help in anyway to know that you may be able to look at these documents? >> let me correct the information that you received. i had made a few inquires yesterday, prior to knowing that i'd be coming on the show today. they are false. the libyan ambass
steve harrigan. jaime: here is an update on a story we haven't talked about in a while, the new lake yan government is announcing plans to open all of the files on the 1988 bombing of pan am flight 103 over lockerbie, scotland. libyan officials say it will be at least a year before any of the information is released. the move comes on the 24th anniversary of the trapbl dewhich killed 270 people on board and on the ground. i am joined by a man whose daughter was 30 years old when she boarded...
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steve? >> steve: let's switch gears. the new year is bringing if a new job for our next guest and an impresssive one to say the least. after nearly 25 years, of military service, he's about to receive the highest enlisted rank in the united states air force. senior master sergeant scott stoy joins us live. good morning to you. >> good morning. >> steve: what have you been doing in the air force all these years? >> for the first 12 years i worked as a aero ground space and then recruiting. i've gone through the gauntlet of being a recruiter and a flight chief and moved up to squadron level and now the superintendent of active duty recruiting for the state of new york. >> steve: that's awesome. it's good because when you go into the recruiting office and you want to talk to somebody who has been there and doesn't -- it's good to have a guy like you right there behind the desk. >> yes. all of our recruiters have experience. we don't allow recruiters to come right in as a recruit. they have have experience in the air force t
steve? >> steve: let's switch gears. the new year is bringing if a new job for our next guest and an impresssive one to say the least. after nearly 25 years, of military service, he's about to receive the highest enlisted rank in the united states air force. senior master sergeant scott stoy joins us live. good morning to you. >> good morning. >> steve: what have you been doing in the air force all these years? >> for the first 12 years i worked as a aero ground space...
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rick: you and i talk for years, steve about small businesses and the impact these bills have on folks who employ, the most americans in this country, small business owners. based on your reading of this bill, what's the impact on them? >> it is lousy. i'm glad you brought this point up. we've been having the debate whose taxes should be going up and so on. let's not forget the overall impact of this bill is very negative for the economy. means higher capital-gains taxes higher dividend taxes. higher taxes on small businesses the some of my liberal friends would say, that is only people that make over $450,000. rick, as you know, two out of three of those people in the high income category are small business owners. the overall impact is anti-business and anti-growth. the by the way only way we get the deficit down is get the economy growing again. i think congress and the white house lost sight of that. rick: for conservatives in the house of representatives sitting reading this bill right now and trying to figure out what they're going to do, as a conservative economist what would yo
rick: you and i talk for years, steve about small businesses and the impact these bills have on folks who employ, the most americans in this country, small business owners. based on your reading of this bill, what's the impact on them? >> it is lousy. i'm glad you brought this point up. we've been having the debate whose taxes should be going up and so on. let's not forget the overall impact of this bill is very negative for the economy. means higher capital-gains taxes higher dividend...
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steve harrigan live from miami with details. steve? >> reporter: jon, three weeks ago hugo chavez underwent his fourth operation in cuba for undisclosed form of cancer. according to venezuela ann officials he has respiratory infection. it is not clear how rapid his recovery will be. what is clear he made no public states or appearances in the past three weeks and things are serious enough where his own vice president had to travel from venezuela to cuba after meeting with chavez. after meeting with chavez the leader's health, was quote, a in a delicate situation. madero is hand-picked successor to chavez. interesting things could happen if chavez is not well enough to attend his own inauguration on january 10th. if he dies before the inauguration, venezuela will have to call all new presidential elections within three months. keep in mind it was back in october when chavez was reelected for another term. he told senz senz ann voters he was in fact cancer-free. jon? jon: hmmm. so interesting development there i wonder if he knew somethi
steve harrigan live from miami with details. steve? >> reporter: jon, three weeks ago hugo chavez underwent his fourth operation in cuba for undisclosed form of cancer. according to venezuela ann officials he has respiratory infection. it is not clear how rapid his recovery will be. what is clear he made no public states or appearances in the past three weeks and things are serious enough where his own vice president had to travel from venezuela to cuba after meeting with chavez. after...
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joining me now, senior economics writer or for "the wall street journal" steve moore. steve, thanks for making it in today. >> hi, jamie. we're having a white christmas in chicago. so it is a lot of fun. jamie: i know chicago, burr. the numbers are also pretty chilling for retailers who do what percentage of their business during the holiday season? >> you know, those months of november and december are absolutely crucial, jamie, for the retailers. about 40 to all their business all year is done in those two holiday months. so it's, not very good news that the retail numbers came in, you called them lackluster. and that's probably putting it charitiably. this was the worst year since 2008. it is actually, surprising, jamie, because if you look at some other indicators, consumer confidence had actually bumped up a little bit in the last couple months. we have, i wouldn't read too much into this because other indicators of the economy are looking up right now. jamie: so do you think it's an anomaly that it isn't going up? is it an indication if we go over the fiscal clif
joining me now, senior economics writer or for "the wall street journal" steve moore. steve, thanks for making it in today. >> hi, jamie. we're having a white christmas in chicago. so it is a lot of fun. jamie: i know chicago, burr. the numbers are also pretty chilling for retailers who do what percentage of their business during the holiday season? >> you know, those months of november and december are absolutely crucial, jamie, for the retailers. about 40 to all their...
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, steve, no doubt a big celebration. >> reporter: heather, a real subdued atmosphere here right now. that four-month ordeal just ended 90 minutes ago. that's when the father, with john hammer, just raced up this driveway. there are some concerns about john hammer's physical condition. they did stop off at an emergency room enroute home from that mexico/texas border. he's suffering from dehydration, his father says he's having trouble standing up, but this will be the greatest christmas the family's ever had. >> reporter: must be a really tough time for you right now. tell us what you're feeling. >> no, this is great right now. i'm glad to be talking to you about that it's over with. because it's really over with. >> reporter: it's still really sinking in to the family this is finally over with. initially, they had a low-key approach to try and win his release. after that failed, though, they went more and more public, appearing on television and also pressing their own elected representative, especially their congresswoman to really push hard against the mexican government for an ear
, steve, no doubt a big celebration. >> reporter: heather, a real subdued atmosphere here right now. that four-month ordeal just ended 90 minutes ago. that's when the father, with john hammer, just raced up this driveway. there are some concerns about john hammer's physical condition. they did stop off at an emergency room enroute home from that mexico/texas border. he's suffering from dehydration, his father says he's having trouble standing up, but this will be the greatest christmas...
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patti ann: steve moore, "wall street journal." thank you. gregg: this lawmakers do not reach a deal with regard to the fiscal cliff cuts will go into the defense department. >> reporter: the whole package of spending cuts is $1.2 trillion, half to the defense department. the army, navy, air force marines would take equal cuts according to one analyst who says the impact on the military overall will be, quote, very serious. >> the pentagon and the departments are already in financial trouble, because there has already been a $480 billion cut that is being applied right now as we speak. to take another cut on top of that is devastating. >> reporter: it's not just the military itself that will take a hit, also the defense industry, defense contractors, private companies that do work for the pentagon. one democratic congressman in northern virginia whose district maybe hit the hardest by all of this says it could mean layoffs. >> the large defense contractors will probably be okay, they have significant cash reserves, most of them. the smaller c
patti ann: steve moore, "wall street journal." thank you. gregg: this lawmakers do not reach a deal with regard to the fiscal cliff cuts will go into the defense department. >> reporter: the whole package of spending cuts is $1.2 trillion, half to the defense department. the army, navy, air force marines would take equal cuts according to one analyst who says the impact on the military overall will be, quote, very serious. >> the pentagon and the departments are already in...
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special dev dend so that steve wyn saved 21 million and larry elison third richardson accel brated difdepped payments that -- dividend payments that saved him money . what it means for growth down the line. corporations will retain earnings rather than distribute them and companies of tomorrow will not get the funds they need to jim walton of walmart four million from dividends. they are top guys pulling the money out. when you look at investment dollars. we have seen so much fluxation in the stock market. stuart varney said it was an effort to cash out some of the money because they don't know what is happening next year. it proves the basic point. you raise taxes you are not raising revenues. most people will respond to thes . they are not sure and look at walmart. it is the walton family that is the richest family in the united states. they initially planned dividend pay out for january 2nd . uncertainty about the fiscal cliff. they are moving up it is yet another example of how we get around this. i would point out when companies are not paying out the dividends, it means we get waste we
special dev dend so that steve wyn saved 21 million and larry elison third richardson accel brated difdepped payments that -- dividend payments that saved him money . what it means for growth down the line. corporations will retain earnings rather than distribute them and companies of tomorrow will not get the funds they need to jim walton of walmart four million from dividends. they are top guys pulling the money out. when you look at investment dollars. we have seen so much fluxation in the...
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people were so outraged that one congressman, steve king from iowa, actually went on the floor of the house and denounced this move. well, as a result of all the coverage, the order was rescinded, but again, it's just-- >> who gave the order? >> this came from his superiors in the army. so, the challenge here is there have been so many attacks on religion, especially the christian religion in the military, just a couple of weeks ago we did a story about a base in afghanistan where they were ordered to take down a nativity scene because it might offend people. >> dave: and the attacks even having on the football field and the attacks-- >> you have to wonder what's going on here. a group of high school cheerleaders in texas of all places, well within the bible belt, put up a banner that had a christian slogan, a christian bible verse. an organization out of which is wisconsin they got wind of it and they threatened to sue unless they took down the bible verses, you state of text it is got involved. and you don't want to mess with god or guns in texas, but they keep the bible verses, to
people were so outraged that one congressman, steve king from iowa, actually went on the floor of the house and denounced this move. well, as a result of all the coverage, the order was rescinded, but again, it's just-- >> who gave the order? >> this came from his superiors in the army. so, the challenge here is there have been so many attacks on religion, especially the christian religion in the military, just a couple of weeks ago we did a story about a base in afghanistan where...
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emmy, however, he was inducted into the academy of television arts hall of fame in 1992 and in 2005 he steve the presidential medal of freedom and won a grammy in 1997 for his album of gospel music but his legacy for many will be the andy griffith theme song. >> of course. >> i didn't realize it went out at the top of the ratings like i love lucy and seinfedl. >> and henry hill. >> a a know torous new york city mob teresa payton and fbi informant jess died from heart failure and lived a complicated life from drug cartels to the air france robbery which then formed the base for the martin score saycy film. popular characteristic. >>> and robin giv gibb of the bee gees. stayin' alive and how deep it your love. >> best known for being one of the members of the bee gees with a career spanning six decades. they he sold more than 220 million records worldwide. divide as one of the major figures in the history of british music. he will be remembered for putting the disco on the map in the late '70s and creating the saturday night fever soundtrack starring john travolta can. and he received multiple
emmy, however, he was inducted into the academy of television arts hall of fame in 1992 and in 2005 he steve the presidential medal of freedom and won a grammy in 1997 for his album of gospel music but his legacy for many will be the andy griffith theme song. >> of course. >> i didn't realize it went out at the top of the ratings like i love lucy and seinfedl. >> and henry hill. >> a a know torous new york city mob teresa payton and fbi informant jess died from heart...